Lacey Ranch

155.85± Acres LemooreKings County, California

• Class I Prime Soils

• Irrigation Wells & Canal Water with Pump

• Suitable for Permanent Crops & Development

• Lemoore Canal Stock Available

• Land Use Growth

Exclusively Presented By: Pearson Realty

FOR SALE

CALIFORNIA’S LARGEST AG BROKERAGE FIRM www.pearsonrealty.comCA BRE #00020875

LOCATION: The property is located at the southeast corner of Lacey Avenue and 18th Avenue adjacent to the City of Lemoore, CA. Property is 30± miles south of Fresno, California. In the heart of San Joaquin Valley, 3± hours from San Francisco or Los Angeles.

DESCRIPTION: The property includes prime agricultural Class I soils, irrigation water from three irrigation wells including a 200HP diesel pump and deep well. The parcel is in an area of established permanent crops.

LEGAL: 155.85± acres zoned AL-10 limited agricultural uses with 10 acre minimum parcel size division. 25± acres of property lies adjacent to the City of Lemoore and is designated for future Low Density Single Family Residences and park and recreational land uses. The property is currently enrolled in the Williamson Act Tax Preserve. APN: 021-030-057.

WATER: The property is irrigated with both district and well water. The main well is a 200HP diesel motor pumping approximately 1100±GPM. There are two shallow wells with electric service. Additionally, Lemoore Irrigation Canal district water is available. Canal water is delivered by a 10HP lift pump. Irrigation water is delivered by a subsurface pipeline system that services the entire farm. New pump and well test will be ordered to establish current condition.

SOILS: The soils are uniform and consist of nearly all Nord complex, Storie Index Grade 1-Excellent. Suitable for the development to walnuts, almonds, pistachios, vines, tree fruit, other permanent crops or vegetable crops.

IMPROVEMENTS: There are no building improvements on the property.

FARMING/LEASE: The property is currently being farmed to 2nd year alfalfa and leased to tenant until December 31, 2019.

PRICE/TERMS: $3,725,000 cash, subject to lease ending in 12/31/2019.

NOTE: 100 Shares of Lemoore Canal stock is available with the purchase of this property at a price and terms acceptable to Owners. 100% of the existing mineral, oil and gas rights will be conveyed to buyer.

155.85± Acres $3,725,000Lacey Ranch

CALIFORNIA’S LARGEST AG BROKERAGE FIRM www.pearsonrealty.com

City of Lemoore

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Lemoore, California, United States

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Offices Serving The Central ValleyF R E S N O V I S A L I A B A K E R S F I E L D7480 N Palm Ave, Ste 101 3447 S Demaree Street 1801 Oak Street, Ste 159 Fresno, CA 93711 Visalia, CA 93277 Bakersfield, CA 93301559.432.6200 559.732.7300 661.334.2777

We believe the information contained herein to be correct. It is obtained from sources which we regard as reliable, but we assume no liability for errors or omissions.Policy on cooperation: All real estate licensees are invited to offer this property to prospective buyers. Do not offer to other agents without prior approval.

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Water Disclosure: The Sustainable Groundwater Management Act (SGMA) was passed in 2014, requiring groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. SGMA may limit the amount of well water that may be pumped from underground aquifers. Buyers and tenants to a real estate transaction should consult with their own water attorney; hydrologist; geologist; civil engineer; or other environmental professional. Additional information is available at: California Department of Water Resources Sustainable Groundwater Management Act Portal - https://sgma.water.ca.gov/portal/ Telephone Number: (916) 653-5791

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